Here Is How Millennials Can Get Rich From Exchange Traded Funds

Millennials have one advantage when it comes to investing: a long time horizon.
Author:
Publish date:

Millennials have one advantage when it comes to investing: a long time horizon.

A longer time horizon means investments are amplified from compounding interest. 

Experts recommend exchange traded funds for millennials as they tend to have lower fees than mutual funds and they trade like individual stocks.  

"I want people to be able to trade and it tends to be easier [with exchange traded funds] especially for small amounts where fees get waived," said Peter Tchir of TheStreet'sIncome Seeker.

Watch More with TheStreet:

  • Your Snapchat App Could Be About to Look a Lot Different
  • Tweeter-in-Chief Donald Trump's Most Memorable Market Moving Tweets
  • Put Denim in Your Walls and Get Healthy
  • How the Stock Market Has Done Under Trump Is Surprising: Michael Lewis

Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

Editors' pick: Originally published Nov. 2.